1. Register for an account on the ApolloX platform, then open a Futures account. After this, transfer funds into your Futures account.
2. Select the contract you would like to trade. Perpetual Futures Contracts are USDT-margined futures which use USDT as a collateral, as well as to settle profit & loss (PnL). Before starting trading, you may adjust the position mode under the [Preference] icon.
3. ApolloX supports a variety of order types that you can use to open a position. You can see how to use the different order types in [Information] -> [Guide].
By trading Futures, you can make a profit off of market price fluctuations by opening a long or short position on a given contract. If you decide to go long, it means that you expect the price of the contract you're buying to go up in the future, whereas if you decide to open a short position, it means that you're selling contracts and expecting the price to decline in the future.
4. At the bottom of the candlestick chart, you can view your unrealized PnL (uPnL), estimated liquidation price, margin ratio, and other info for your current positions.
5. You can also close your position right in this window using a market or limit order.
Additional Reading: How to calculate Unrealized PNL and ROE% of USDⓈ-M Futures Contracts
- If you choose to use the Mark Price as the benchmark price:
ROE% =Unrealized PNL in USDT / Initial Margin = ( ( Mark Price - Entry Price ) * Direction of order * size ) / （Number of positions * Contract multiplier * Mark Price* Initial Margin Rate）
- If you choose to use the latest price as the benchmark price:
ROE% = Unrealized PNL in USDT / Initial margin = ( ( Latest Price - Entry Price ) * Direction of order * size ) / （Number of positions * Contract Multiplier * Mark Price* Initial Margin Rate）